The total import and export value of China increased by 18.3% year-on-year in the past two months.

China News Service Beijing, March 10 (Reporter Yin Qianyun) The General Administration of Customs of China released the latest data on the 10th, showing that in the first two months of this year, China’s total import and export value of goods was 7.73 trillion yuan (RMB), an increase of 18.3% year-on-year. Among them, exports were 4.62 trillion yuan, up 19.2%; imports were 3.11 trillion yuan, up 17.1%.

In terms of trade methods, in the first two months, China’s general trade imports and exports totaled 4.78 trillion yuan, an increase of 13.5%; processing trade imports and exports reached 1.43 trillion yuan, up 19.3%; bonded logistics imports and exports were 1.24 trillion yuan, an increase of 36.9%.

Regarding trading partners, in the first two months, China’s total trade with ASEAN was 1.24 trillion yuan, up 20.3%; trade with the European Union was 998.94 billion yuan, up 19.9%; trade with the United States was 609.71 billion yuan, down 16.9%. During the same period, China’s total imports and exports with countries jointly building the “Belt and Road” initiative reached 4.02 trillion yuan, an increase of 20%.

Focusing on key commodities, in the first two months, China exported 289 billion yuan worth of mechanical and electrical products, up 24.3%; labor-intensive products valued at 70.27 billion yuan, up 15.6%; agricultural products worth 12 billion yuan, up 9.7%. On the import side, China imported 121 billion yuan worth of mechanical and electrical products, up 21.3%; iron ore totaled 210 million tons, an increase of 10%; crude oil was 96.93 million tons, up 15.8%. (End)

Source: China News Service